The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-03-18

Diamonds-Cigars and Tobacco.
OF all New York commercial exchanges the
Hebrews are now recognized as among the
most influential members The vice-chair-
man Of the stock exchange, the treasurer Of
the produce exchange and the treasurer Of
/ the metal exchange are all Hebrews. In
| these institutions. as well as the cotton and
petroleum exchanges, they are prominent as
/ directors, and they are also identified with
many Of the great railway, steamship and in
| surance companies. In banking alone the
| New York Hebrews represent capital OF
/ $1,000 600 The prominent part taken by
/ them in the negotiation of the most impor-
tant government loans and railway opera
/ tons is too well known 10 call for special
comment, their immense influence in this and
/ other leading cities being generally recog-
nized
! The most striking evidence OF Hebrew
progress NAV be witnessed on Broadway,
which, within the past fifteen years, has
undergone a complete Transformation by the
transfer Of the retail trade TO the uptown
/ thoroughfares and the invasion bv Hebrew
/ firms OF the 400 buildings on Broadway
! from Canal street TO Union square the occu-
| pants of almost all are Hebrews, over 200
wholesale firms out of a total of 200 being Of
! that persuasion. On the day of atonement,
/ when nearly all of these establishments are
| closed, the street for the length of nearly two
miles presents a holiday appearance The
/ signs OF Hebrew firms also predOminate in the
! streets contiguous to Broadway within the
territory named, which is almost wholly de
voted to the manufacture of clothing, Cloaks
hats and caps, laces, mbroideries. millinery
! goods, furs undergarments, flowers and
/ feathers, shirts, dry goods and fancy goods
and kindred branches Of trade
Most remarkable has been the growth OF
| the clothing trade, Of which the Hebrews
control seyen-eighths of the total, several
| hundred firms being now engaged IN the man
ufacture OF such goods, and some houses em-
/ ploying as high as 1000 hands Fifteen years
/ ago the number engaged in this business was
Insignificant compared with the present.day
| when a. many firms are found on a single
block as then existed in the entire city. An
important feature in the clothing trade to
/ day is the manufacture Of goods fully equal
to the best custom made, which some year,
ago was considered mpracticeble TO attempt
Less than ten years back the manufacture
/ Of cloak, in this country was upon Il very
small scale, the entire business in this city
/ being confined 10 less than one dozen firnn
/ all told The Hebrews were not slow 10 rec
ognize the importance OF this industry. They
were among the first to perceive that it was
| destined to expand TO an extent far beyond
its proportions at that time. They reasoned
that tho growth OF the country would
create "A continued demand for their goods,
D ,.,t, ht,ei., flt..
/ sult being that there are now in this city
alone over POO manufacturers III this branch,
almost all OF whom are Hebrews. Few peo
ple have for a moment considered the extent
of the manufacture of wooden shirts, and yet
the annual transactions aggregate many
millions In this branch the Hebrews have
secured a monopoly, it being estimated that
/ 25 900 men and women are directly and in
directly employed by Hebrew firms alone
The vealthiest concerns in the trade, which
/ include several millionaires, were III moderate
circumstances when they embarked in tn.
] business.
When the wholesale manufacture OF under
garments was first suggested some years since
| the proposition was secuted. 1t was asserted
that goods turned out by machinery would
I neither wear well nor be made 10 fit well
/ The men who conceived the idea were laughed
at. Hebrews were among the first to enter
/ the business They were convinced the under
taking would prove profitable, and were de
teimined to succeed. They did succeed
They are now securely intrenched in th'
business. Ready made undergarmentS are tc
be found on sale i'll almost every city ano
hamlet, and the Hebrews of New York en-
gagged in their manufacture carry the namet
of 10000 employees on their pay rolls
1t is estimated that the Hebrew capital en-
gagged in the importation, manufacture ano
iobbing Of diamonds, watches and Jewelry II
this country will not fall short OF S25OOO,UO
Year after year they have been absorbing the
trade II is predicted that before long tn,
ABSORPTION process will be exhausted for want
OF material on which to feed. OF late year
an increased tendency to manufacture be
| been noted. OF the 400 jobbers in this cit,
! the Hebrews constitute the bulk and sucf
headway have they been making that many
older firms have been swept out Of existence
including several who were a recognized
mower i'm the trade. Over 100000 cases Of
! leaf tobacco are dealt in i'll this country every
| twelycmonth Two-thirds Of this amount II
| controlled by the Hebrew merchants on Pear
| arfS Water streets
Equally surprising has been the growth o
the cigar trade, IN which the Hebrews have
risen higher and higher until almost the en-
tire business has passed under their control
Some idea OF their operations may be formed
when it is stated that their productionreaches
tho enormous figure of GOO,OJO,OJO cigars PEI
amnum The manufacture Of this immense
stoc., involves the employment of 5000 hands
The manufacture Of hats and caps, the I'M
portation and manufacture Of hides ano
leather, furs, laces and embroideries, artiticia
flowers and feathers, is largely controlled by
the Hebrews, while the wine and liquor trade
is one of the most extensive in which they are
engaged. 1t is estimated that the Hebrew
capital represented on the New York stock
exchange is not far from $6,OOOOO0 The
holdings OF real estate by the Hebrews Of this
city is estimated at 100000, ,000.-New York
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pet" Names i'm London.